BlackRock World Mining Trust (LON:BRWM) Reaches New 1-Year Low – Here’s Why

BlackRock World Mining Trust plc (LON:BRWM)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 458 ($5.91) and last traded at GBX 459.75 ($5.93), with a volume of 164996 shares changing hands. The stock had previously closed at GBX 472 ($6.09).

BlackRock World Mining Trust Stock Performance

The company has a market capitalization of £806.24 million, a price-to-earnings ratio of -60.23 and a beta of 1.01. The firm’s 50 day simple moving average is GBX 488.15 and its 200-day simple moving average is GBX 501.89.

BlackRock World Mining Trust (LON:BRWM) last announced its quarterly earnings data on Wednesday, March 5th. The investment trust reported GBX 23.09 ($0.30) earnings per share (EPS) for the quarter. BlackRock World Mining Trust had a negative return on equity of 1.19% and a negative net margin of 153.65%.

BlackRock World Mining Trust Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Thursday, March 20th will be issued a dividend of GBX 6.50 ($0.08) per share. This represents a dividend yield of 1.29%. The ex-dividend date is Thursday, March 20th. BlackRock World Mining Trust’s dividend payout ratio is currently -486.41%.

Insider Buying and Selling at BlackRock World Mining Trust

In other news, insider Srinivasan Venkatakrishnan purchased 2,000 shares of BlackRock World Mining Trust stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of GBX 476 ($6.14) per share, for a total transaction of £9,520 ($12,280.70). Company insiders own 2.68% of the company’s stock.

BlackRock World Mining Trust Company Profile

The Company aims to provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximising total returns. While the policy is to invest principally in quoted securities, the Company’s investment policy includes investing in royalties derived from the production of metals and minerals as well as physical metals.